Villanova Business Magazine Summer/Fall 2013

V I L L A N OVA
Vol. 7, No. 1
Villanova Business magazine is published semi-annually for alumni
and friends of the Villanova School of Business. It is available in
a print edition and online at villanova.edu/business.
Send comments and questions to
VSBCommunicationsandMarketing@villanova.edu
Villanova Business
800 Lancaster Avenue
Villanova, PA 19085-1678
610-519-5424
villanova.edu/business
business
Villanova Business Team
THE HELEN AND WILLIAM O’TOOLE DEAN
PATRICK G. MAGGITTI
DIRECTOR OF COMMUNICATION AND MARKETING
CATHY J. TONER
EDITOR
MARIANA J. MARTINEZ
CONTRIBUTORS
BRENDAN E. CUMMINGS ’13 LAS
TIMOTHY DIPAOLO ’13 VSB
REILLY F. HARMER ’14 LAS
LIAM MILLER ’14 VSB
ELIZABETH L. RATHBUN
JENNIFER WHINNEY
DESIGN AND PRODUCTION
MACHINERY
COVER PHOTOGRAPH
AILEEN BANNON
Developing business leaders
for a better world.TM
contents
Summer/Fall 2013
03
Deanâ&#x20AC;&#x2122;s Update
14
Student Achievements
04
Momentum
16
Mad Money
06
Faculty Achievements
22
PlannedUp
09
Alumni Spotlight
24
Student Spotlight
10
Valleynova
26
Executive MBA
12
Faculty Spotlight
28
Donor Spotlight
13
Stiletto Network
29
Deanâ&#x20AC;&#x2122;s Advisory Council
Dean’s Update
What a wonderful year it has been for VSB and Villanova University! It is an honor to serve such a talented
community of students, faculty, staff, alumni and friends.
Good news for VSB is abundant. I’d like to share a few of the recent highlights:
VSB RANKED #15 IN NATION
VSB was once again recognized as one of the best undergraduate business schools in the nation in the
2013 Bloomberg Businessweek ranking. VSB ranked #15, placing among the top 20 business schools in
the nation for the eighth year in a row.
The annual ranking is determined by academic quality, professional development, business relevance and
student satisfaction. VSB performed exceptionally well in a number of categories:
• #2 for Academic Quality
• #3 for Internships
• A+ in Teaching Quality
• A+ in Job Placement
EXCEPTIONAL CAREER RESULTS
The Villanova University Career Center released the Class of 2012 Placement Report. The report reflects
career placement statistics six months after graduation.
VSB students fared extremely well. Within six months of graduation, 99 percent of our job-seeking students secured full-time employment at an average starting salary of $54,628.
According to the annual Bloomberg Businessweek student survey, nearly 95 percent of graduating VSB
seniors reported having participated in at least one internship experience, earning VSB the rank of #3 in
the country for internships.
MAD MONEY
One of the best parts of my job is seeing the exceptional output of our students and the incredible
achievements of our institution. I was truly honored when CNBC’s highly-acclaimed Mad Money chose to
film an episode from our campus on April 25. The episode showcased the spirit, enthusiasm and talents
of VSB students as they participated in the taping. Many of our students, including several members of
the Villanova Equity Society, were featured on television asking insightful questions and pitching stocks
of interest to host Jim Cramer.
Not only did I enjoy watching our students share their talents with a national television audience, but I
also witnessed firsthand incredible feedback from Mad Money’s fans and CNBC representatives—including Jim Cramer himself—all of whom were impressed by the Villanova community. The VSB brand was
promoted across a variety of media outlets around the country and reached millions of people.
There is much activity and excitement happening at VSB, and I am so glad to have you as a part of it. As
always, I thank you for your continued support of the Villanova School of Business, and I hope you and
your families had an enjoyable summer.
With best regards,
Patrick G. Maggitti
The Helen and William O’Toole Dean
Villanova School of Business
Villanova Business
03
momentum
THESE WOMEN
GRADUATE WOMEN IN BUSINESS COMMITTEE
The Graduate Women in Business Committee
hosted Marketplace Café, a networking event
designed to connect graduate students and
alumni, on March 17.
The event featured a panel discussion on effective
self-promotion. Panelists included Lisa Canoura
’93 VSB, Teresa Kohl ’07 VSB, Susan McKeone
’94 MS, Amy Ginocchio Molnar ’94 VSB, Diane
Perrymore ’90 LAS, ’05 MS and Gina Wilson ’87
MS. The event was organized by Hillary Seith
’15 MBA, president of the Graduate Women in
Business Committee.
o
M
Am
y Ginocchio
07
Teresa Kohl ’
WOMEN’S PROFESSIONAL NETWORK
The Villanova Women’s Professional Network
hosted an event in Driscoll Hall titled “Career,
Challenges, & Strategies for Success.” An
inspirational keynote address was delivered
by Nance K. Dicciani, PhD ’69 COE, former
president & CEO of Honeywell, Specialty
Materials Business Group. Her impressive
list of accolades includes being ranked twice
among the world’s most powerful women by
Forbes magazine.
The address was followed by a panel discussion
featuring distinguished Villanova alumnae,
including Rosemarie T. Dempsey ’83 VSB,
Stacy Grant Hohenleitner ’93 CON, Teresa C.
Kohl ’07 VSB and Gina Wilson ’87 MS.
A networking reception followed the event
in the Driscoll Hall Atrium.
“The best way to
predict the future
is to create it.”
The Graduate Women in Business and Women’s
Professional Network events are open to alumni
and students from all Villanova colleges.
For more information, go to villanova.edu/wpn
Nance K. Dicciani, PhD ’69 COE, former president & CEO of
Honeywell, Specialty Materials Business Group.
04
Villanova Business
VS
B
n
ilso
Gina W
ln
ar
’94
VSB
VS
B
’
ura
Lisa Cano
’8
7M
S
e
on
Susan McKe
93
e
ar
Diane Perrym
’8
4M
S
’90
LAS
ARE ALL BUSINESS
ERNST
&
YOUNG
COMPLETES $500,000 ENDOWMENT TO CLAY CENTER
Ernst & Young (EY) completed a $500k endowment to VSB’s Clay Center this past fiscal year. All of
the funding was accumulated over the last five years by personal donations from EY employees who are
Villanova parents and alumni. This firm-wide initiative will continue to support the Clay Center and
the Read to Lead program.
The Clay Center offers undergraduate
business students academic services,
including advising, professional development and internship and CoOp opportunities. Its Read to Lead program connects
incoming students through the collective
reading of one book during the summer
before their freshman year.
Funding from EY came from over 200
Villanovan
employees. This initiative
was driven by three leadership gifts provided by Bob Muhall ’80 VSB, Michael
Neary ’84 VSB and Arthur Tully ’10, ’13
PA. Their donations will support the Clay
Center’s programs, staff and students.
EY employees made personal donations to support the Clay Center at VSB.
Social Network
This year, VSB has taken the brand
to new heights through increased
presence in various popular social
media outlets. On LinkedIn, you
will find VSB’s brand new page, an
effective professional channel that
allows VSB to showcase its business
programs. Through Facebook
and Twitter, VSB keeps students
engaged with upcoming events at
the school, from the live filming of
Mad Money to the Dialogue with the
Deans events.
Follow @VU_Business and
@VSB_Dean on Twitter to stay
up to date on all things VSB.
Villanova
School of Business
@VU_Business
@VSB_Dean
Villanova
School of Business
Villanova Business
05
faculty achievements
MICHAEL L.
CAPELLA
NAMED ASSOCIATE DEAN
Michael L. Capella, PhD, associate professor of
marketing, has been appointed Associate Dean
for Graduate and Executive Business Programs at
VSB. In this role, Dr. Capella leads efforts to ensure
the increasingly high level of academic quality of
the VSB graduate business programs, as well as
corporate educational programs. He partners with
faculty and administration to provide strategic and
academic direction to graduate programs, keeping
with the overarching mission and strategy of VSB
and the University.
Dr. Capella joined the VSB faculty in 2005,
after earning his PhD in marketing from
Mississippi State University. Recently named the
Villanova School of Business Emerging Scholar
in Marketing, Dr. Capella has publications and
accepted manuscripts in leading journal outlets
including the International Journal of Research in
Marketing, Journal of Retailing, Journal of Public
Policy & Marketing, Journal of Business Research
and Journal of Advertising. His research has won
several awards, including the 2008 Journal of
Advertising Best Article Award.
During his tenure at VSB, Dr. Capella has taught
courses at both the graduate and undergraduate
level. He served as the Faculty Program
Coordinator for the International Ambassadors
Program in Rome, Italy. Dr. Capella has also
taught abroad as a visiting faculty member at
American University of Rome, Munich School of
Management at Ludwig Maximilians University
and University of Klagenfurt, Austria.
Prior to his doctoral pursuit, Dr. Capella spent
nearly 10 years in professional sales management
with an international food manufacturer.
His industry experience involved account
management and relationship marketing with
large retail grocery chains, national restaurants,
wholesale accounts and channel intermediaries.
06
Villanova Business
JO HN P E AR CE
NAMED EXEMPLARY SCHOLAR
The United States Association for Small Business and Entrepreneurship
(USASBE) recognized John Pearce, PhD, VSB Endowed Chair in
Strategic Management & Entrepreneurship, as an Exemplary Scholar.
This distinction, which is awarded annually, identifies a distinguished
academic in the field of entrepreneurship.
Dr. Pearce received the Exemplary Scholar honor at the 2013 USASBE
conference in San Francisco. He also participated in a special session
at the Doctoral Consortium, during which an elite group of PhD
students who are pursuing a career in entrepreneurship gathered with
practitioners for career enhancements and networking.
A leader in the field of entrepreneurship, Dr. Pearce has authored 40 articles, 15 of which have
been published in the top three entrepreneurship journals. He has also served as an elected officer
by the Strategic Management Society, the Southern Management Association and the Academy of
Management, most notably as the first Chair of the Entrepreneurship Division. Additionally, he has
served on 15 editorial boards, with a combined 25 years of service for Entrepreneurship Theory and
Practice, Journal of Business Venturing and Journal of Small Business Management.
DR . HILL WINS
MULTIPLE AWARDS
Ronald P. Hill, PhD, the Richard J. And Barbara Naclerio Endowed Chair
in Business, recently received recognitions for his excellence in marketing
and research.
Dr. Hill was named the 2013 recipient of the Allan N. Nash Distinguished
Doctoral Graduate Award from The Robert H. Smith School of Business
at the University of Maryland. The award recognizes one Smith School
PhD alumnus annually for outstanding research and teaching, as well as
significant service contributions.
Dr. Hill was also awarded the Marketing and Society Special Interest Group
(MASSIG) “Lifetime Achievement Award.” Winners of this annual award
have contributed a significant body of work in developing and advancing
research in the marketing and society, public policy and/or the marketing
ethics area. This award is given to individuals who exemplify outstanding
scholarship in these fields.
Dr. Hill is a well-known marketing scholar. He has held a number of editorial
positions with publications such as the Journal of Consumer Affairs and the
Journal of Macromarketing. Dr. Hill previously won the 2010 Richard W.
Pollay Prize from the Sauder School of Business at the University of British
Columbia, another lifetime achievement award.
Villanova Business
07
faculty achievements
MANAGEMENT PROFESSOR
WINS PRIZE
IN INTERNATIONAL CASE COMPETITION
“Building and Scaling a Cross-Sector Partnership: Oxfam America and
Swiss Re Empower Farmers in Ethiopia,” a case co-authored by Jonathan
Doh, PhD, the Herbert G. Rammrath Endowed Chair in International
Business and director of the Center for Global Leadership, won second
place in an international case writing competition sponsored by the oikos
Foundation. The oikos Foundation is a large international foundation
based in Switzerland that supports research and teaching around social
innovation, entrepreneurship and sustainability. The oikos annual casewriting competition is intended to promote the development of new highquality teaching cases in the areas of sustainable management and strategy.
VSB PROFESSORS
y
em
Jer
zu
p
Ke
es
WIN PRESTIGIOUS
RESEARCH AWARD
n
Joh
Ko
Jeremy Kees, associate professor of marketing and
the Richard J. Naclerio Emerging Scholar in Public
Policy, and John Kozup, associate professor of
marketing and director of the Center for Marketing
and Public Policy Research, received the American
Marketing Association Thomas C. Kinnear Research
Award for their article “Understanding How Graphic
Visual Warnings Work on Cigarette Packaging.”
The Thomas C. Kinnear Research Award honors the article appearing in the Journal of Public Policy &
Marketing that has made the most significant contribution to the understanding of marketing and public
policy issues within the past three years. The award creates awareness of the important role that marketing
plays in public policy initiatives and encourages authors to continue to produce high-quality commentaries,
research analysis and case studies on public policy in the marketing arena.
Kees’ and Kozup’s winning article examines the U.S. Food and Drug Administration’s tobacco control
strategy that included placing graphic warning labels on cigarette packages that illustrate the harmful
health effects of smoking. As a result of his work on this study, Kees appeared on the Early Show on CBS
and commented on the topic in articles that appeared in Businessweek, Forbes, Yahoo! News, MSN Money,
The Huffington Post and many other media outlets.
18
08
Villanova
VillanovaBusiness
Business
alumni spotlight
PATRICK MEYER ’74 VSB
Patrick Meyer ’74 VSB was born with innovation
in his genes. His father, C. Paul ’30 COE, founded
his first company making tractor attachments
based on the knowledge he
gained at Villanova. Patrick’s
mother was a creative director
at a top advertising agency, and
his brother, Edward ’86 VSB,
works in innovative products
for Victoria’s Secret.
Even with his family’s passion
for entrepreneurship, Patrick
describes his younger self as a
follower. “I was a late bloomer,
and not a leader, until I came to
Villanova,” Patrick remembers.
“I walked into Bartley Hall and
the world broke wide open to
me. I was inspired.”
“I thrived at VSB and
came out like a rocket—
completely excited about the
business world. I made lifelong friends and we always
talked about our dreams of
positively impacting the
world and making our mark.”
Patrick funds and presents the Meyer ICE Awards
to honor students and faculty for their innovative
work. Patrick even designed the awards and this
year expanded the number
of awards to include all the
colleges at Villanova.
“Patrick had a vision for VSB
to stress the importance of
innovation and creativity
through the establishment of
the Meyer ICE Awards. As the
ICE Center continues to grow,
it became important for us to
recognize students and faculty
in all schools who promote
the values encompassed in the
Meyer ICE Awards. Patrick’s
dedication to ICE and VSB is
evident in the time he commits
as a member of the ICE Center
Advisory Council and to
events like Pitch Day,” said
II Luscri, director of the ICE
Center.
“I walked into
Bartley Hall and
the world broke
wide open to me.
I was inspired.”
Patrick did just that. He
is currently partner and
chief marketing officer for
Thinaire, the leader in mobile NFC Transmedia
Solutions. Over the years, he built and re-invented
many Fortune 500 brands/businesses—attaining
line marketing experience at The Coca-Cola Co.,
Gillette and Nabisco as well as holding senior
consulting roles for Miller Lite, Jeep/Dodge/
Chrysler, Virgin, Pepsi, Volkswagen and Unilever.
Throughout his career, Patrick never forgot his
dream of positively impacting the world. He helped
found VSB’s Center for Innovation, Creativity and
Entrepreneurship (ICE Center), and every year
Patrick’s
award-winning
book, Steve Jobs and the
World of Mobile: Insights
For The Future, has been
assigned to students in
VSB’s Mobile Applications
Development class. Patrick
provided copies of his book for all attendees of
Pitch Day 2013. Additionally, all profits from the
sale of his book are donated to VSB.
“Many people inspired and helped me, and the
way I thank them is by helping someone else.”
said Patrick. “I’ve made Villanova my conduit for
giving back – the ICE Center is a differentiator for
every aspect of VSB. Innovation is needed across
all disciplines.”
To buy Patrick’s new book, go to amazon.com.
All profits benefit VSB.
Villanova Business
09
VA L L E Y N O VA
A s t u d e n t r e c o u n t s h i s e x p e r i e n c e i n t h e S i l i c o n Va l l e y
by Liam Miller â&#x20AC;&#x2122;14 VSB
Growing up in the San Francisco Bay Area, I was
aware of the legend of the Valley. It was not long
ago that the area transformed from orchards into
the worldâ&#x20AC;&#x2122;s epicenter of technological innovation.
When I came to Villanova, I discovered the ICE
Center, which brings together students from
various academic disciplines and across colleges
to share knowledge and experience in an effort
to come up with creative solutions to problems.
Among its many programs, I was specifically
interested in Villanova in the Valley (VinV).This
past January, I helped II Luscri, director of the
ICE Center, lead the trip to the Silicon Valley.
10
Villanova Business
Villanova in the Valley is an opportunity for
Villanova students from all five colleges to
experience the innovation and entrepreneurship
taking place in Silicon Valley. It aims to teach
students more about the issues and obstacles
the most innovative companies in the world
face and how they solve them in a creative and
collaborative manner. Since its inception in May
2012, two delegations have traveled to the Valley
for five days of site visits and special events. The
most recent VinV trip attracted interest from
business students, liberal arts students, engineers
and nurses interested in learning about new ways
“We were fortunate
enough to meet
with organizations
ranging from single
person ventures
to Facebook
and Google.”
John Igoe ’63 COE, director of real
estate, design and construction at Google
to solve old problems. The selection process for
the delegation is competitive, and the chosen
students are required to participate in a number
of pre-trip meetings.
The theme for the program this time around was
Innovation and Technology: Redefining How We
Work, Live and Play, and we heard from a high
caliber of participating speakers. Coordination
of the program was made successful through the
hard work of alumni living and working in Silicon
Valley, namely Mike Gardner ’67 LAS and John
Igoe ’63 COE. Having enjoyed an illustrious career
in technology, Mike introduced the Villanova
group to a number of well-known Valley icons
and rising stars. Mike not only invited many of
his close friends and colleagues to speak, but was
integral in putting the theme of the trip into
context for the participants.
Throughout the week, we interacted with
executives and thought leaders, and were
fortunate enough to meet with organizations
ranging from single person ventures to Facebook
and Google. We were able to gather unique
perspectives from venture investors, consultants
and academics on the history and ecosystem of
John Hennessy ’73 COE, president
of Stanford University
the Valley. The executives did not view their
jobs simply as means to an end, but as a mission
to do something bigger—to make an impact.
Their work contributes to a greater good—the
latest cancer drug, a more connected world or
ubiquitous communication. The passion that is
embedded in their corporate cultures drives them
to be successful. Employees believe in the greater
mission of the company and strive to attain it.
This kind of motivation is incredibly powerful,
and it is what drives success in Silicon Valley. It
also is part of the mission of VSB and Villanova.
The VinV program had a significant positive
impact on my professional aspirations. It
affirmed my decision to work in the technology
industry. I was proud to show off the Bay Area
to fellow Villanovans, and it also gave me a great
opportunity to meet and network with Villanova
alumni in California. I appreciate the faculty and
staff who recognize and nurture the creativity in
students—it is one of the things that makes VSB
special.
Look for more information about the next VinV
at www.villanovaice.com
Villanova Business
11
faculty spotlight
THOMAS “TIM”
MONAHAN, PhD
Thomas “Tim” Monahan, PhD, John M.Cooney
Endowed Professor of Accountancy and Information
Systems, who has experience as a teacher, researcher,
consultant and dean, understands connections
between disciplines. What first attracted him to
Villanova was the balance offered between teaching,
research and the ability to consult, a benefit still at
the core of the Villanova education model.
Dr. Monahan’s background speaks to his interest in
the multidimensional nature of business disciplines.
He graduated from Hofstra University with a
degree in economics and worked for several years
at Becton, Dickinson and Company, a medical
technology company. After earning his MBA from
Rutgers University, he decided to give teaching a
try. He started teaching at LaSalle University and
shortly thereafter pursued his doctorate at Temple
University.
“I started in the finance department, which appealed
to my background in economics, but I wanted to
apply my economics and finance background to
solving business problems,” explained Dr. Monahan.
“This is what led me to the accounting discipline,
which is more problem-oriented.”
Interdisciplinary connections continued to
be apparent in his studies and quickly became
the basis of his teaching philosophy. Dr.
Monahan developed this philosophy into
a program through VSB’s Executive MBA
program, which incorporates the theory of
systems thinking. By giving students foundational
skills within traditional business disciplines and
then applying a multidisciplinary approach to
identifying business problems, students learn
to develop solutions from an interdisciplinary,
systemic perspective. “The competitive advantage of
12
Villanova Business
the EMBA program is our connection to business,”
says Dr. Monahan. “Connecting to executives helps
our faculty build bridges to practical applications
and leads to executive engagement in the program.”
Dr. Monahan stays connected to executives through
his extensive consulting work, having served over
30 Fortune 100 companies.
Most recently, Dr. Monahan
worked with Dow Chemical
on an international program
offered to high potential
executives to update their
business acumen. He also
consults with 3M’s global
management directors in
a training program. Dr.
Monahan has served on the
Board of Directors for Ariba for several years as well,
allowing him to apply theory to practice.
talents among the community has kept Dr. Monahan
here for over 30 years. He is continually impressed
by students’ intelligence and involvement, and
recognizes that faculty members highly respect their
students. Dr. Monahan saw this in action when he
served as the dean of VSB from 1996 to 2003.
Dr. Monahan continues
to teach auditing and
accounting
courses
at the graduate and
undergraduate level, and
will soon be teaching
in the multidisciplinary
Financial
Management
and Reporting class. A
combination of finance
and
accounting,
this
course is about integration. To Dr. Monahan, this
replication of the real world in the classroom is yet
another example of what makes the VSB learning
experience unique.
“The competitive
advantage of the
EMBA program is
our connection
to business”
The unique learning environment at VSB and the
WOMEN’S PROFESSIONAL NETWORK EVENT
WITH
PAMELA RYCKMAN
On September 18, Pamela Ryckman, journalist and
author of Stiletto Network, delivered a talk titled
“How Women’s Networks Are Shaping Business.” This
special event was sponsored by the Villanova Women’s
Professional Network, and attracted a substantial crowd
of businesswomen, students, alumni, faculty and staff.
Stiletto Network is a story of female friendship disguised
as a business story, a tale of women banding together to
improve lives, companies and communities, to achieve
their dreams and change the world. During the past few
years, women’s groups have been coalescing in every
major American city. Formidable ladies across
industries are convening at unprecedented
rates, creating salons, dinner groups and
networking circles, and collaborating to achieve
clout and success. Each group may have no more
than 10 women, but in aggregate they number in
the tens if not hundreds of thousands of women
nationwide. A new girls’ network is alive and set to
hyper-drive, and Stiletto Network is the first book
to shed light on this groundbreaking movement.
Villanova Business
13
student achievements
Hudish represents the
FUTURE OF ADVERTISING
14
Molly Hudish ’13 VSB won the Philly Ad
Club “Philly’s Future” Scholarship Award. The
award acknowledges students who represent the
future of advertising and are pursuing careers in
Philadelphia. Molly was the first place winner,
receiving a $5,000 scholarship and an internship
during the summer of 2012. The Philly Ad Club
is a nonprofit organization made up of over 2,200
advertising, marketing, media, PR and interactive
professionals working together to improve and
promote the advertising industry.
Society. She was also an active member of the
Innovation, Creativity and Entrepreneurship
Certificate Program, Special Olympics, Villanova
Ambassadors and Bigs & Littles.
During her time at Villanova, Molly was a member
of Phi Kappa Phi Honor Society, Beta Gamma
Sigma International Business Honor Society,
Marketing Society and Women in Business
Molly graduated with a major in marketing and a
specialization is Business Communications. Molly
is launching her professional career at Johnson &
Johnson as a member of their McNeil Marketing
Leadership Development Program.
Villanova Business
After receiving the award, Molly said, “Receiving
the Scholarship was an unexpected, but more
than pleasant, surprise for me. I am deeply
grateful to Dr. Bennett for her nomination and
the Philly Ad Club for their appreciation of my
hard work. ”
Accounting students reach
NATIONAL FINALS
A team of VSB students was named one of five
national finalists in the PricewaterhouseCoopers
(PwC) Extreme Accounting (xACT) Competition. Joseph Brady ’15 VSB, Douglas Jadis ’15
VSB, Nicholas LaTorre ’15 VSB, Christian Ludwig
’15 VSB and Richard Ulrich ’15 VSB comprised
Villanova’s team. As a finalist, VSB’s student team
received $10,000.
The xACT challenge is a high-level case competition that tests students’ critical thinking,
decision making, collaboration, time management
and presentation skills. Each team has two weeks
to develop a solution to a real-world accounting
issue, which they then present to a panel of PwC
representatives. The winning team from each participating campus is considered to compete in the
national finals in New York City, but ultimately
only five teams are chosen. Nearly 50 schools from
across the country participated this year in the
xACT competition.
Joseph Brady ’15 VSB, Douglas Jadis ’15 VSB, Nicholas LaTorre
’15 VSB, Christian Ludwig ’15 VSB and Richard Ulrich ’15 VSB
“The team did an outstanding job at the xACT
finals in NYC. Many people told me how impressed
they were with our team,” said Kenneth Hiltebeitel, PhD, who advised the team along with James
Borden, PhD. This marks the fifth occasion that
the VSB team has reached the finals in the xACT
Competition.
CAMPANILE TAKES HER
LEADERSHIP TO DRY LAND
Maria Campanile ’13 VSB was honored with the Sister Mary Margaret Cribben Award for
her achievements as a student athlete and a leader. Maria, an accounting major, was
captain of the Villanova women’s water polo team for two years. The Sister Mary
Margaret Cribben Award, established in 1985, is given to one male and one female
athlete who unselfishly sacrifices
time, effort, body and soul to
lead and motivate their teammates
in excelling through inspiration.
“I’ve put
everything
Maria was recognized for her passion into Villanova”
and devotion to her teammates,
Villanova athletics and the entire Villanova community. In addition
to her four-year involvement with the water polo team, Maria was a
three-year representative of the Student Athlete Advisory Committee,
a peer advisor in VSB, a member of the Beta Alpha Psi Accounting
Honor Society and a member of the Athletic Leadership Institute.
After learning of her award Maria said, “I feel honored and excited.
Four years of hard work paid off. I’ve put everything into Villanova for
four years.” Maria has accepted a job with PricewaterhouseCoopers
in Chicago.
Villanova Business
15
JIM CRAMER
T A P E D
T H E
T E L E V I S I O N
S H O W
MAD MONEY
D U R I N G
V I S I T
A
T O
D A Y - L O N G
C A M P U S .
VSB HOSTED
C R A M E R
A N D
C N B C
R E P R E S E N T A T I V E S ,
H E L P E D
P R O D U C E
U N F O R G E T T A B L E
A N D
A N
E P I S O D E
LIVE FROM THE
PAVILION.
Jim Cramer
Over 800 students, faculty, staďŹ&#x20AC; and alumni attended the filming on campus.
Villanova Business
17
BACKGROUND
NBC10, Philly.com, WMMR’s Preston and Steve and CNBC’s Squawk on the Street
featured interviews with Cramer from Villanova’s campus highlighting VSB.
CREATIVE INVESTING
Cramer’s late mother encouraged him to be creative and pursue writing, while his father
stressed the importance of making a profit. Cramer initially followed a creative route and
worked as a journalist. As a homicide reporter, however, Cramer did not have healthcare
and wound up living in his car. At that point he realized he needed to make more money. But Cramer promised his mother that he still would be creative. From there, Cramer
worked at Goldman Sachs, was a hedge fund manager and founded thestreet.com. He made
the money he sought, but honored his promise to his mother by rediscovering his creativity
through television. The entertaining and educational show Mad Money was born. “I was
determined to not be poor,” said Cramer. “And I was determined to be creative. I did both.”
Jim visited with students in the Applied Finance Lab to give them advice on trading and the stock market.
PHILADELPHIA
“MY ROOTS ARE HERE; MY LIFE IS HERE”
Cramer is deeply connected to Philadelphia. He lived in Bucks County, is a long-time Eagles
season-ticket holder, still follows the Phillies (and can talk knowledgeably about their pitching), has family in Philadelphia and visits the area twice a month to see his father. He is no
stranger to the great cheesesteak debate in Philadelphia, and passionately maintains a commitment to Geno’s. “Birthdays at Geno’s are a hallowed tradition,” said Cramer of the Philadelphia
staple. He may live outside the Philadelphia area, but he has not left it behind. “I’m a Philadelphian who lives in Summit, New Jersey,” he proudly declares.
Dean Maggitti became the first-ever business school dean that Cramer interviewed.
The exclusive one-on-one interview circulated on Mad Money’s social media outlets.
Villanova Business
19
MAD MONEY
“MY MISSION IS FOR PEOPLE
TO KNOW MORE ABOUT THE MARKET”
Cramer combines the stock market with entertainment. “I have to make it fun because it’s
really boring…no one’s made it interesting.” By making investing more exciting, Cramer
hopes he will educate people on the market and economy, which will help them make better
financial decisions. “If they’re interested in their money they will be a better investor.” They
will also find navigating the stock market to be enjoyable and will value the successes they see
from their decisions. Cramer believes the stock market is for everyone, and his goal is to make
investing less daunting and more accessible to all. “People wish they knew more and don’t
know how to crack into it because it can be such a dense topic…I try to make it understandable.”
Through a combination of Villanova and
Mad Money 7.9 million users read about
Mad Money at the Villanova School of
Business. The tone of these tweets was
particularly positive and enthusiastic.
ADVICE
52,170 users re-tweeted messages related to Mad Money at Villanova and 637,237
users tweeted and replied to Cramer’s messages about the show at Villanova.
THE EARLY BIRD GETS THE WORM
Cramer believes in hard work. He encourages students to consistently stay one step
ahead at all times. And he knows what young business leaders need to do in order to
succeed. “Set the alarm at quarter of four,” Cramer said, “because you’ve got to beat
everyone. The bad guys get up early and you’ve got to get up early. And the bad
guys are everybody else that you’re competing with, and they are bad and you are
good. The good guys get up earlier than the bad guys.”
Villanova Business
21
COLLABORATION
ON CAMPUS SPURS
NEXT BIG
SOCIAL
MEDIA
WAVE
New, innovative ideas are often the product of an
unlikely pairing. Tom Krueger’s ’11 VSB story exemplifies that concept, in more ways than one. Not
only did he connect with his business partner in
an unexpected way, but the two came up with a
business idea that brought together dissimilar functions: organization and socialization.
The summer after his sophomore year, Tom was
studying abroad in London when he met Eric Adams ’11 LAS. Tom and Eric discovered that not
only did they both go to Villanova, but they were
also from the same area in Massachusetts and had
attended rival high schools. They soon realized
they shared another commonality: they wanted to
start a business. Before long, Tom and Eric began
brainstorming, bouncing ideas off each other and
riffing about problem areas for which they could
invent a solution. The duo found that they kept
coming back to the issue of time management.
The first iteration of Tom and Eric’s brainchild,
called NovaPlanner, targeted students. An online
calendaring system, it helped active students stay
on top of their courses, extracurricular activities,
assignments and meetings. After building a rudimentary prototype of the platform, Tom and Eric
deployed the tool in a few classrooms, including
that of Peggy Chaudhry, PhD, associate professor of
management at VSB. Within months, the number
of active users jumped to 4,000, and 12 schools implemented NovaPlanner in their classrooms.
22
Villanova Business
During the remainder of their time as undergraduates at Villanova, Tom and Eric continued to
refine their business plan and pitch. In their senior year at Villanova, they caught the attention
of a major Boston-based venture capitalist, who
became their primary investor. Taking advantage
of this momentum, Tom and Eric met with—and
wowed—other potential investors. Through the
help of the ICE Center, they presented their idea
to alumni, and soon secured Ned Moore ‘90 VSB,
co-founder, chairman and CEO of Clutch, as an
investor as well.
Tom Krueger ’11 VSB (left) and Eric Adams ’11 LAS
founded new company plannedUp.
Today Tom and Eric’s company is known as
plannedUp. PlannedUp—a mobile based evolution of the NovaPlanner concept—allows users
to share schedules by synchronizing with existing
calendar systems. By creating a network of shared
calendars with friends, users can stay in the loop
with friends, comment on events and even share
and save photos within the calendar network.
The new highly-anticipated social platform will
be unveiled soon!
Villnova Business
23
student spotlight
CHRIS
JONES ’13 VSB
Chris Jones ’13 VSB experienced his first ‘aha moment’ in 2008 when he was still in high school.
While at a sporting event in Delaware, Chris and
his sister Catherine noticed many seats in the
stands were left unused. Chris saw the empty space
as a waste and thought about the impoverished or
disadvantaged youth who would be thrilled to fill
those seats. Inspiration hit him: the arenas could
offer seats to children in need and avoid vacant
fan sections, and children in need could have the
chance to participate in a fun outing that they could
only dream about previously. Chris and Catherine
shared the idea with their family, and the Kind to
Kids Foundation was born.
The Jones family was all too familiar with the
plight of children in need. Chris’s mother, Caroline Jones ’80 CON, worked with foster children
as a Court Appointed Special Advocate in Family
Court. “She heard countless heartbreaking stories
24
Villanova Business
about children who were ignored, beaten, living in
poverty,” Chris said. “She knew that many foster
children had never been to a baseball game, seen
a live performance, received a toy during the holidays or even had their own cake on their birthday.
We started Kind to Kids to change that, to give
these children a reason to smile.”
Chris’ idea came to fruition—and then some. To
accomplish the mission of bringing joy into the
lives of victims of child abuse, neglect and poverty,
Kind to Kids identified ways to comfort children
entering foster care, give them positive life experiences and offer them educational programs and
supplies. The Foundation began partnering with
a large number of prominent entertainment venues and groups, such as the Philadelphia 76ers, the
Philadelphia Eagles, Longwood Gardens, Grand
Opera House, Delaware Children’s Theatre, Wilmington Blue Rocks and many more, to provide fos-
ter children with access to a variety of artistic, athletic and cultural events. Soon Kind to Kids took
on volunteers, a staff and a Board of Directors. The
list of supporters grew, and the number of foster
children touched by Chris’s idea grew as well.
Today, Kind to Kids is a 501(c)(3) nonprofit organization that has served over 7,000 children and
has given them opportunities to enjoy entertainment at ticket values in excess of $100,000. The
Foundation also expanded its services to include
the My Blue Duffel program, through which each
child entering foster care in Delaware receives a
piece of luggage, a hand-knit blanket and an inspirational book, and the LifeSkills education program, which prepares foster teens to lead self-sufficient lives after aging out of the system at 18 by
teaching them about money management, career
skills, self-care and more.
Chris is still actively involved with Kind to Kids.
He volunteers at events, provides office support,
pitches the organization at various community
events and helps fundraise at every chance. Moreover, Chris acts as a consultant for Kind to Kids,
using the lessons he learned at VSB to improve the
foundation. “My education has taught me to identify a problem and work to create a fact-based solution,” he said. “Through working on group projects
and learning to craft business plans, I have been
able to create strategies to improve Kind to Kids
and better help the children in need. Being at Villanova, I also learned about the importance of service and caring for the community.” Chris is a true
example of VSB’s pillars in action.
For more information on the Kind to Kids
Foundation, please visit kindtokids.org.
Villanova Business
25
EMBA 2.0
When then-dean, Thomas (Tim) Monahan,
PhD, the John M. Cooney Endowed Professor in
Accountancy and Information Systems, launched
the Villanova Executive MBA (EMBA) program
in 2000, he did not simply reformat the traditional
MBA program. He envisioned the EMBA
curriculum to provide a different level of learning.
Executive MBA students typically have more years
of professional experience than traditional MBA
students. The curriculum needed to offer skills
to educate the next round of senior leaders. To
determine the best way to meet that objective, Dr.
Monahan met with a variety of CEOs and asked
them what Villanova should be teaching their top
talent. The consistent answer was the need to teach
future leaders to think differently; to approach
issues from a holistic standpoint; to give students
a framework to correctly identify issues and create
solutions that worked throughout their entire
organization. Dr. Monahan then created an EMBA
program to teach upcoming leaders, regardless of
their specialty or area of responsibility, how to
look at an organization as if they are the CEO – a
discipline called Systems Thinking.
At VSB, Systems Thinking is led by one of the
original contributors to the concept—Jamshid
Gharajedaghi. Systems Thinking equips students
with an interdisciplinary, strategic approach to
problem solving, encouraging them to think
beyond functional silos and appreciate how their
actions affect an organization as a whole. The
transformative, problem-solving approach that
Systems Thinking provides enhances the skills
that students take back to their organizations –
and is unique to VSB’s program.
Although the EMBA program was updated
periodically since its introduction, over the
past two years, Dr. Monahan spearheaded a
critical reevaluation of the EMBA curriculum.
Incorporating EMBA alumni feedback and
advances in new business topics, new content
streams were introduced to ensure integration
with Systems Thinking. New courses in buyer
behavior, negotiation, corporate governance and
analytics were incorporated. Best-in-class courses
from other colleges within the University, such
as a sustainability course from the College of
Engineering, are being considered for cohorted
EMBA Curriculum:
Six content streams are woven throughout the 21-month EMBA experience
to ensure holistic learning.
1 Systems Thinking and Design
2 Leadership Development
3 Measurement & Performance Systems
4 Global Markets & Environment
5 Technology, Innovation & Growth
6 Ethics & Corporate Responsibility
26
Villanova Business
Highlights
of EMBA 2.0
• Introduction of iPads,
BYOD (device) and electronic
content delivery
electives. “This latest revision to the curriculum is
the most comprehensive to date,” said Dr. Monahan.
One characteristic of the program that remains
unchanged is the spirit – and the community – of
the program. Holding true to Villanova University’s
Augustinian roots, the EMBA classroom is one of
collaboration, a dynamic and safe space that allows
for a free exchange of ideas. Students often bring
work problems or projects to solve in class with their
classmates. Peer learning is just as vital to the program
as learning from faculty. EMBA faculty describe the
classroom experience as “structured discovery” where
they can also learn from the students.
• 10 new faculty members
including 3 department chairs
• Streamlined schedule to
further allow a healthy
work-life-school balance
• 10+ refreshed courses
• 4 new courses: buyer behavior,
negotiation, corporate
governance and analytics
• 2 cohorted electives
Systems Thinking remains at the heart of the
Villanova EMBA, and the program is fortunate
that Jamshid continues to lead that learning. He
teaches that “a system is more than the sum of its
parts.” This mantra continues to hold true with the
Villanova Executive MBA. The combined impact
of the curriculum, the faculty and the classroom
environment all contribute to a transformational
experience.
We invite you to learn more by visiting
emba.villanova.edu.
Villanova Business
27
donor spotlight
ROBERT T. LeCLAIR, PhD
“I’m hopeful that the experience will work in both
directions,” he said. “Foreign students coming here
would have opportunities previously unavailable to
them, and it would be a rich experience for them
to take advantage of all Villanova has to offer. It
would also create a situation where our domestic
students could interact with folks from abroad, to
learn more about foreign students and countries,
and to share those experiences.”
“I wanted to do
something . . . to pay
Villanova back.”
After nearly three decades of service to VSB, Finance Professor Robert T. LeClair, PhD, made a
generous one million dollar gift to the school. A
graduate of the University of Pennsylvania, where
he received his bachelor’s degree, and of Northwestern University, where he earned an MBA and
a PhD, Dr. LeClair is not an alumnus of Villanova.
However, Dr. LeClair felt strongly about making a
gift to a place he considers to be very special. “Villanova has been my professional home for almost
30 years,” said Dr. LeClair, “and I wanted to do
something to recognize that and to pay Villanova
back for providing for me and taking care of me for
the past 30 years.”
Dr. LeClair’s gift to VSB led to the creation of the
Robert T. LeClair International Scholars Fund.
The primary purpose of this fund is to promote
programs that advance international scholarship at
VSB. Specifically, the fund will provide support for
foreign students attending VSB, foreign professors/
lecturers teaching at VSB as visiting scholars and
VSB students who wish to study abroad but need
financial assistance. The intention behind his gift,
according to Dr. LeClair, is that the fund would
make possible a unique learning exchange between
countries.
28
Villanova Business
The nature of the fund is fitting, given Dr. LeClair’s
devotion to international business scholarship. For
the past 20 years, he has taught in Italy, and he has
led VSB’s international studies summer program in
Rome for the past 15 years. This collaborative program is a six-week experience during which Villanova students take courses at the John Cabot University and learn about global business practices.
Dr. LeClair has also conducted research in the area
of international finance, and he teaches a number
of international business courses at VSB.
Thanks to Dr. LeClair, who now joins the University’s distinguished 1842 Heritage Society that
recognizes donors who have included Villanova
in their estate plans in various way, VSB is able
to enhance the learning opportunities for its own
students as well as for those international students
who wish to join our community.
“Dr. LeClair’s generosity promotes cultural collaboration, international business education and firsthand global experience. The Fund also extends
VSB’s international reach and provides students—
both domestic and abroad—with the chance to
travel and learn in a way that was previously unattainable. We are incredibly grateful for Dr. LeClair’s generosity,” said Patrick Maggitti, The Helen and William O’Toole Dean.
THE DEAN’S ADVISORY COUNCIL
The Dean’s Advisory Council (DAC) provides advice and guidance to the
dean of the Villanova School of Business on important strategic initiatives
under consideration at the school.
William K. Bacic ’78 VSB, ’10 PA
Gerard S. LaRocca ’14 PA
Daniel H. Bathon Jr. ’76 VSB
Jeﬀrey C. LeSage ’82 VSB
Richard Betz ’84 VSB
Patrick G. Maggitti, PhD
James R. Boyle ’14 PA
John D. McCarthy ’16 PA
George W. Coleman ’78 VSB
Bill R. McDermott
John J. Coneys ’73 VSB
Donough P. McDonough ’81 VSB
Kevin M. Curley ’80 VSB, ’09 PA
Robert A. McMahon ’79 VSB
Kathie J. De Chirico ’08 EMBA
Jeﬀrey Miller ’79 VSB
James DeBlasio ’77 VSB
Robert F. Moran ’72 VSB
Andrew P. DiLoreto ’80 VSB, ’14 PA
Donald J. Musso ’81 VSB, ’14 PA
Joseph J. Fico ’13 PA
Thomas Quindlen ’84 VSB, ’13 PA
Mark Ford ’11, ’15 PA
David E. Rutter ’84 VSB
Christopher Gheysens ’93 VSB
Madonna Sutter ’81 MA (ex-oﬃcio)
Thomas Gilman ’73 VSB
Milissa M. Tadeo ’04 EMBA
Vahan H. Gureghian ’76 VSB, ’09 PA
Michael J. Thomson ’80 VSB
Christine James ’91 VSB
William Tucker ’81 VSB, ’15 PA
Thomas Klein ’84 VSB
Arthur F. Tully ’10, ’13 PA
Jeﬀrey Lagarce ’12 PA
Thomas M. Venables ’78 VSB
Joseph Lamastra ’83 VSB, ’12, ’15 PA
Susan Wolford ’77 LAS
New England Managing Partner
Deloitte & Touche, LLP
General Partner and Chairman
Windspeed Ventures, LLC
Executive Vice President & COO
Resolute Energy Corporation
Former President
John Hancock
Vice Chairman, Global Equities Department
Credit Suisse
Retired Vice Chairman
PricewaterhouseCoopers LLP
President and CEO
Curley Financial Group, LLC
COO & Executive Vice President, Brand Strategies
Robin Baron Design Group
Chief Executive Oﬃcer
NOVA Corporate Strategies
Chairman and CEO
Insight Catastrophe Group
President and CEO
TD Bank
Executive Vice President & President, Sports Group
Time Inc.
President & CEO
Wawa, Inc.
Retired President & CEO
TD Auto Finance
Chief Executive Oﬃcer
CSMI, LLC
Managing Director, Institutional Client Services
Wells Capital Management
President & CEO
Sabre Holdings
Executive Vice President
Fidelity Investments
President
T Capital Management, LLC
Managing Director, Chief Administrative Oﬃcer, Americas
Barclays Capital
Vice Chariman - Tax
KPMG LLP Chairman’s Oﬃce
The Helen and William O’Toole Dean
Villanova School of Business
President & COO
McCarthy Tire & Automotive Center
Co-CEO and Executive Board Member
SAP America, Inc.
Managing Director
Boomerang Capital, LLC
Leader, US Policy & Government Relations
Merck & Co., Inc.
President Studio Operations
Walt Disney Studios
President and CEO
PetSmart, Inc.
President
FinPro
President and CEO
GE Capital
Former Chief Executive Oﬃcer
ICAP Electronic Broking, LLC
Associate Dean, External Relations
Villanova School of Business
Senior Vice President, Corporate Affairs
Federal Reserve Bank of Philadelphia
President and CEO
SunCoke Energy, Inc.
CEO
MediaVest USA
Partner
Ernst & Young
President and CEO
Taramax USA, Inc.
Managing Director
BMO Capital Markets Corp.
Mr. Ronald Langston
Principal
Langston Global Enterprises, LLC
Villanova Business
29
Nonprofit organization
U. S. POSTAGE
PAID
VILLANOVA UNIVERSITY
800 Lancaster Avenue
Villanova, PA 19085-1678
VILLANOVA
EXECUTIVE
MBA
Ranked
1
#
IN PEER LEARNING BY
THE WALL STREET JOURNAL
villanova.edu/business